Defined Benefit (Pension) · DOL Form 5500 · 2023

Gerdau Macsteel, Inc. Pension Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
231
Participants Below avg headcount
85th
Percentile by assets National rank
$207,727
Avg per participant Above avg balance/head
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Official DOL plan name: Gerdau Macsteel Pension Plan · Sponsored by Gerdau Macsteel, Inc. · Florida · Manufacturing

$48M in assets, 231 participants

Gerdau Macsteel, Inc.'s Gerdau Macsteel Pension Plan reported $48M in total assets and 231 participants in its 2023 DOL Form 5500 filing, ranking in the 85th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #14,707 in Manufacturing (18,722 peers)

Coverage in Florida

Gerdau Macsteel Pension Plan covers 231 participants in Florida, about 37% of the average Florida filer (state average ~628 per filing). Assets: $48M.

#14,707
in Manufacturing (18,722 peers)
+3.0%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Gerdau Macsteel Pension Plan's outsized position by total assets

Gerdau Macsteel Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$47,984,878 Top 15% higher than 85% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Gerdau Macsteel Pension Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gerdau Macsteel Pension Plan sits mid-pack in the medium band (231 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Gerdau Macsteel Pension Plan reported net income rose from -$16M in the plan year 2022 filing to $788K in the plan year 2023 filing.
  • Gerdau Macsteel Pension Plan reported participants fell from 247 in the plan year 2022 filing to 231 in the plan year 2023 filing.
  • Gerdau Macsteel Pension Plan end-of-year assets rose from $47M in the plan year 2022 filing to $48M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 381872178 · Gerdau Macsteel, Inc. PY 2023 · Defined Benefit (Pension)

Gerdau Macsteel Pension Plan · $48M · 231 · 85th

  • IND $48M
  • IND 231
  • IND 85th
  • IND Defined Benefit (Pension)
  • IND near Hyster-Yale Group, Inc. Combined Pension Plan
  • IND ind #14707

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Florida →

Gerdau Macsteel Pension Plan in the asset neighbourhood

Gerdau Macsteel Pension Plan$48MHyster-Yale Group, Inc. Combined Pension PlanHyster-Yale Group, Inc. Comb…$48MNational Service Industries Pension Plan BNational Service Industries …$48MSouthern Star Retirement Plan (Non-Union)Southern Star Retirement Pla…$48MJust Born, Inc. Employees Pension PlanJust Born, Inc. Employees Pe…$48M
End-of-year total assets ($M) among Gerdau Macsteel Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Florida filing particulars

Total Assets (Beginning of Year)$47M
Net Assets (End of Year)$47M
Net Income$788K
Employer EIN381872178
Plan Effective Date1985-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Gerdau Macsteel, Inc.)

Sponsor-wide plan assets over time

All Gerdau Macsteel, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$253M 2.554447861755437% vs 2022
2024 filing year
$240M$250M$260M$270M$280M$290M 202220232024 $247M $253M ▲ +2.6%
Year Plans Participants Total Assets
2022 4 2,213 $247M
2023 4 2,209 $278M
2024 4 2,179 $253M

Nearby Defined Benefit (Pension) Plans in Florida

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Gerdau Macsteel Pension Plan vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -20246810 Total assets ($B) Participants Gerdau Macsteel Pension Plan, Total assets ($B): 0.047984878 · Participants: 231Gerdau Macsteel Pension PlanL3harris Technologies Consolidated Pension Plan, Total assets ($B): 7.749240033 · Participants: 4676L3harris Technologies Consolidated Pension PlanNextera Energy, Inc. Employee Pension Plan, Total assets ($B): 5.124263985 · Participants: 13121Nextera Energy, Inc. Employee Pension PlanCsx Pension Plan, Total assets ($B): 2.367781795 · Participants: 2446Csx Pension PlanRetirement Accumulation Plan for Partners of Pwc, Total assets ($B): 2.24071421 · Participants: 3967Retirement Accumulation Plan for Partners of PwcRetirement Benefit Accumulation Plan for Employees of Pwc, Total assets ($B): 1.916753026 · Participants: 5514Retirement Benefit Accumulation Plan for Employees of Pwc
Gerdau Macsteel Pension Plan vs. nearby Defined Benefit (Pension) plans in Florida, assets vs. participants
Compare Gerdau Macsteel Pension Plan side-by-side with 3 peers →

Gerdau Macsteel Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Florida, the nearest Defined Benefit (Pension) by assets is Hyster-Yale Group, Inc. Combined Pension Plan in OH ($48M); by covered participants it is Signature Healthcare Retirement Plan in MA (230 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (231 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Gerdau Macsteel Pension Plan assets move in 2023? ▼
Gerdau Macsteel Pension Plan edged up modestly - up 3.0% during 2023, from $47M to $48M. Reported net income was $788K.
How have Gerdau Macsteel, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gerdau Macsteel, Inc.'s sponsor-wide assets grew 2.6%, from $247M to $253M.
Where does Gerdau Macsteel Pension Plan rank by assets among Form 5500 filers? ▼
Gerdau Macsteel Pension Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Gerdau Macsteel Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Hyster-Yale Group, Inc. Combined Pension Plan in OH ($48M, 245 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Gerdau Macsteel Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Signature Healthcare Retirement Plan in MA (230 participants, $50M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381872178.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.